NGCP says power rates to spike if DOE insists on firm contracts for backups
ABS-CBN News
Updated as of Jun 10 08:52 PM
The National Grid Corporation of the Philippines (NGCP) said that based on its initial simulations, power rates may rise by P0.64 per kilowatt hour in Luzon, P0.54 per kwh in Visayas, and P1.39 per kwh in Mindanao if it enters into firm contracts for ancillary services (AS).
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